Where can I buy gold coins in Seoul or elsewhere in Korea?

I believe there is a place in the COEX mall that sells coins. I am not sure about the price though.

There is also supposed to be a coin shop in Itaewon. But I wouldn't trust the dealers there. I have heard too many stories about foreigners getting ripped off there.

2007-09-16 06:05:16 by wesleyelvis | Posted in Korea

How do I invest in gold in South Korea?

I really am frustrated when it comes to investing in South Korea. I want to buy some gold coins or gold bullions but here in Korea, there are no gold coin shops. Banks don't sell gold. The Korean mint does not make gold coins. Of course this is just the top of the iceberg compared to the problems I am having with investing my money while I am working in South Korea. Did you know that Korean brokers do not give you a prospectus on each stock before you buy it? Also, some dealers just give you a handful of stocks and you don't know the companies. Yeah, that's South Korea for you.

Anyway, does anyone know how I can buy or invest in gold in South Korea? Or how about Asia, I am willing to travel anywhere in Asia for great deals in gold, Hong Kong, Singapore, India, anywhere in Asia.

Sorry for being long winded but Korea's investments strategies are a$$-backwards

I may not know much, but if you're so rich that this is actually an issue for you then buy a plane ticket to Hong Kong, they speak English there. Or you could just buy gold online--I see you've met the internets.

2008-09-04 07:22:38 by ej105 | Posted in Korea

What do you think of South Korea’s law on drafting foreign citizens of Korean descent who...?

...who unfortunately do not know that they are still registered in a certain family registry, specifically those who have lived their lives for more than 18 years in a country to which they are even more loyal to – a country whose culture has been ingrained upon them? What’s the sense of forcing people to serve in the military if they are not even loyal to the country they are supposed to protect?

Taking the other side of the coin, why did S. Korea put this into law? Is the reason unshakable? On what basis/bases was this enacted? Is/are the basis/bases sound?

Consider the case of Young Jin Chun in http://seattlepi.nwsource.com/local/168210_korean08.html .
I THINK THAT TELLING ABOUT:
1.) conscription/mandatory service in general and in S. Korea is right.
2.) benefits or downsides of conscription in general
3.) the responsibility to check if a foreign citizen’s name is still on the registry and to have it erased before 18 years of age.
WOULD NOT ANSWER THE QUESTIONS

Korea is not the only country in the world to do this. They are not drafting foreigners of Korean descent. They are drafting Korean nationals who live elsewhere in the world. If this man, Young Jin Chun was of non-Korean ancestry, white anglo-saxon and still a Korean citizen living in the USA then returned to Korea he would have been drafted just the same. The key here is DUAL CITIZENSHIP. You in fact owe your allegiance to two countries at the same time whether you are aware of it or not. It does not matter where you live or which country you FEEL you have a closer loyalty to. The act of citizenship has rights and privileges as well as responsibilities. If you are a citizen of more than one country then you are subject to the laws of each country. If the USA decided to have a draft again this same person would be eligible to serve in the military here too even though he served in Korea.... Who knows maybe sent right back to Korea to serve his military time near the DMZ in the U.S. Army.

The key here is it denounce or give up your citizenship in the country you no longer wish to have ties to. If you give up the rights then you are not required to do the mandatory service ALL other citizens of that country are required to do. Why do many citizens keep their dual citizenship alive? Mostly for voting rights, inheritance laws are kinder with levied taxes if you are a citizen of that country... both property and financial. Having the benefits if citizenship also carries its obligations. If this doesn't have value to you then get rid of the second allegiance legally....which by the way removes your name from the list of eligible draftees..... Problem solved.

The same is true if I lived in Korea but was a US citizen. If I got into trouble in Korea, the US consulate would act on my behalf to arrange for legal help because no matter where I live, I am still a US citizen with the rights and privileges of anyone living on US soil.Citizenship is a matter of birthright or legally obtained by an immigrant. Those protection of citizenship rights extend to wherever on earth you are. It works both ways..rights and obligations.

Your feelings on the legality and morality of conscription (mandatory military service in a country) really is a totally separate issue. At the present, it is the law of the land in Korea. What they are doing is applying that law equally and fairly to ALL of its citizens... no exceptions or loopholes. At least everyone is being treated equally. The bottom line is that it is really the individual's responsibility to remove the title of dual citizenship from the records. How would you like the Korean government to strip you of your rights of citizenship without you being notified because you lived elsewhere for a while? The individual must accept his own responsibilities in life and take care of issues that are important rather than blaming others for poor outcomes.

2007-11-28 07:00:25 by meowarf | Posted in Other - Cultures & Groups

Coin How much is it worth?

okay i have a coin collection i have a coin that says untied states with the statue of liberty and it has george Washington on it i also have one with john adams on it are they worth any thing also i have a couple of coins from iraq and i have some from korea r they worth anything?

The Washington coin sounds like a presidential dollar that came out last year, it is worth a dollar. Without knowing more about the two world coins, no one here can really help you. We need to know what is on both sides of them or a scan or photo's would be nice.

2008-01-12 09:40:47 by J H | Posted in Hobbies & Crafts

I Have had a coin given to me and I am not sure if it is worth anything! Maybe someone can help me?

The front say Harry S. Truman 1945 1953 33rd President of the United States. The back says Harry S Truman Born May 8th 1884 Led the nation at the conclusion of world war 2, signed u.n charter; sent troops to korea; motto "the buck stops here" Died dec 26 1972
Im not sure if this coin is worth anything but if it is could someone please tell me what it is worth!

It's likely a privately issued collectible token rather than a coin. Items like this fall into the general category of "exonumia" ([pronounced ex-oh-NOO-me-ah), which are coin-like objects outside of what one would normally think of as a coin.

Nevertheless there are collectors of all things presidential. The US Mint understands this, which is why it has issued the Presidential Dollar series of coins. See http://www.valuable-coin-stories.com/presidential-dollar-coin.html for more on this.

You may want to check out eBay to see if your token is being offered by anyone. Frankly, if you want to sell it, that would probably be your best bet.

and we have to choose ten items which represent korea, south into a bag...

we already have a Miniature drum, a miniature woman in tradition clothes, a coin to represent the economy, a liqueur bottle to represent economy, a small gift box for showing their gift giving practices...

Korea Coins - News

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